CABINET MAC PHERSON: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CABINET MAC PHERSON
Largest movements
- Cash -€627,039
down €627,039 (-98.6%), from €635,631 to €8,592
- Receivables within one year -€34,609
down €34,609 (-95.9%), from €36,074 to €1,465
of which Trade receivables: -€32,508
- Deferred charges and accrued income +€27,500
new in 2025: €27,500
- Other debts -€581,853
down €581,853 (-99.2%), from €586,384 to €4,531
- Profit (loss) carried forward +€45,821
up €45,821, from -€41,467 to €4,354
- Debts after one year -€38,917
no longer reported in 2025 (was €38,917)
- Accrued charges and deferred income -€26,750
no longer reported in 2025 (was €26,750)
- Contributions -€18,592
no longer reported in 2025 (was €18,592)
- Financial charges -€27,514
down €27,514 (-99.2%), from €27,750 to €236
- Gross operating margin +€17,999
up €17,999, from -€4,503 to €13,496
- Taxes +€3,450
new in 2025: €3,450
- Other operating charges -€1,775
down €1,775 (-82.8%), from €2,144 to €369
- Depreciation -€1,212
no longer reported in 2025 (was €1,212)
From the 2023 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €672,916 | €37,557 | -€635,359 | -94.4% |
| Fixed assets | 21/28 | €1,212 | - | -€1,212 | |
| Tangible fixed assets | 22/27 | €1,212 | - | -€1,212 | |
| Furniture and vehicles | 24 | €1,212 | - | -€1,212 | |
| Current assets | 29/58 | €671,705 | €37,557 | -€634,148 | -94.4% |
| Amounts receivable within one year | 40/41 | €36,074 | €1,465 | -€34,609 | -95.9% |
| Trade receivables | 40 | €32,525 | €17 | -€32,508 | -99.9% |
| Other amounts receivable | 41 | €3,549 | €1,448 | -€2,101 | -59.2% |
| Cash at bank and in hand | 54/58 | €635,631 | €8,592 | -€627,039 | -98.6% |
| Deferred charges and accrued income | 490/1 | - | €27,500 | +€27,500 | |
| Total equity and liabilities | 10/49 | €672,916 | €37,557 | -€635,359 | -94.4% |
| Equity | 10/15 | -€21,016 | €6,213 | +€27,229 | |
| Contributions | 10/11 | €18,592 | - | -€18,592 | |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,467 | €4,354 | +€45,821 | |
| Amounts payable | 17/49 | €693,932 | €31,344 | -€662,588 | -95.5% |
| Amounts payable after more than one year | 17 | €38,917 | - | -€38,917 | |
| Other amounts payable | 178/9 | €38,917 | - | -€38,917 | |
| Amounts payable within one year | 42/48 | €628,266 | €31,344 | -€596,921 | -95.0% |
| Trade debts | 44 | €41,882 | €23,363 | -€18,519 | -44.2% |
| Suppliers | 440/4 | €41,882 | €23,363 | -€18,519 | -44.2% |
| Taxes, remuneration and social security | 45 | - | €3,450 | +€3,450 | |
| Taxes | 450/3 | - | €3,450 | +€3,450 | |
| Other amounts payable | 47/48 | €586,384 | €4,531 | -€581,853 | -99.2% |
| Accrued charges and deferred income | 492/3 | €26,750 | - | -€26,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,212 | - | -€1,212 | |
| Other operating charges | 640/8 | €2,144 | €369 | -€1,775 | -82.8% |
| Gross operating margin | 9900 | -€4,503 | €13,496 | +€17,999 | |
| Operating profit (loss) | 9901 | -€7,859 | €13,127 | +€20,986 | |
| Financial charges | 65/66B | €27,750 | €236 | -€27,514 | -99.2% |
| Recurring financial charges | 65 | €27,750 | €236 | -€27,514 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | -€35,609 | €12,891 | +€48,500 | |
| Income taxes | 67/77 | - | €3,450 | +€3,450 | |
| Profit (loss) for the period | 9904 | -€35,609 | €9,441 | +€45,050 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,609 | €9,441 | +€45,050 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.